| Schedule of Weighted Average Shares of Common Stock Outstanding |
The weighted average shares of common stock outstanding used to determine the Company’s Net loss income per share reflects the retroactive treatment of the Stock Dividend, in addition to the following:
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Three months ended |
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Six months ended |
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(amounts in thousands, except number of shares and amount per share) |
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June 30,
2025 |
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June 30,
2024 |
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June 30,
2025 |
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June 30,
2024 |
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Numerator: |
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Net income |
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$ |
25,112 |
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$ |
8,028 |
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$ |
17,020 |
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$ |
122,052 |
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Net income attributable to noncontrolling interests |
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13,668 |
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6,794 |
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9,253 |
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103,648 |
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Net income available to Class A common stockholders |
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11,444 |
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1,234 |
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7,767 |
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18,404 |
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Adjustment for dilutive warrants |
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— |
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— |
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(1,327 |
) |
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— |
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Adjustment for dilutive earnout units at Falcon’s Beyond Global, LLC |
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— |
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(1,174 |
) |
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— |
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(5,055 |
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Dilutive net income attributable to Class A common stockholders |
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$ |
11,444 |
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$ |
60 |
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$ |
6,440 |
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$ |
13,349 |
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Denominator: |
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Weighted average Class A common stock outstanding - basic |
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37,523,324 |
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12,010,729 |
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37,423,300 |
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11,418,276 |
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Adjustment for dilutive RSUs |
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2,570 |
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— |
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4,334 |
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— |
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Adjustment for dilutive warrants |
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— |
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— |
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93,475 |
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— |
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Adjustment for dilutive Class A earnout shares |
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— |
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69,230 |
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— |
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259,615 |
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Weighted average Class A common stock outstanding – diluted |
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37,525,894 |
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12,079,960 |
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37,521,109 |
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11,677,891 |
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Net income per Class A common share - basic: |
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0.30 |
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0.10 |
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0.21 |
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1.61 |
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Net income per Class A common share – diluted: |
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0.30 |
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0.00 |
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0.17 |
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1.14 |
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| Schedule of Treasury Stock Method to the Warrants and RSUs |
The following securities were not included in the computation because the effect would be anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:
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Three months ended |
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Six months ended |
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June 30,
2025 |
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June 30,
2024 |
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June 30,
2025 |
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June 30,
2024 |
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Class A earnout shares |
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1,000,000 |
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1,725,000 |
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1,000,000 |
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1,575,000 |
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Class B earnout shares |
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39,000,000 |
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67,275,000 |
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39,000,000 |
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61,425,000 |
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Warrants to purchase common stock |
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— |
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6,238,104 |
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— |
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6,238,104 |
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RSUs |
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929,662 |
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1,159,956 |
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929,662 |
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1,159,956 |
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